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State Government Finance

THIRD MEETING

2011-2012 Regular Session - January 18, 2011

STATE OF MINNESOTA THIRD MEETING
HOUSE OF REPRESENTATIVES EIGHTY-SEVENTH SESSION

STATE GOVERNMENT FINANCE

MINUTES

Representative Lanning, Chair of the State Government Finance Committee, called the meeting to order at 8:15 a.m. on January 18, 2011, in Room 200 of the State Office Building.

The Committee Legislative Assistant noted the roll.

Members present:

LANNING, Morrie, Chair
BENSON, Mike, Vice Chair
KAHN, Phyllis, DFL Minority Lead
ANDERSON, Bruce
BANAIAN, King
DOWNEY, Keith
GAUTHIER, Kerry
GREENE, Marion
GUNTHER, Bob
HAYDEN, Jeff
LEIDIGER, Ernie
LILLIE, Leon
LOHMER, Kathy
MCELFATRICK, Carolyn
MURPHY, Mary
MURRAY, Rich
SIMON, Steve
SLAWIK, Nora
STENSRUD, Kirk
URDAHL, Dean
WINKLER, Ryan
All members were present.

A quorum was present.

Representative Benson moved that the minutes from the committee meeting on January 13, 2011, be approved. THE MOTION PREVAILED.

Lawrence Martin, Executive Director of the Legislative Commission on Pensions and Retirement presented an overview of the current status of public pensions in Minnesota.

Howard Bicker, Executive Director of the Minnesota State Board of Investment testified on the status of public pension investments.

Dave Bergstrom Executive Director of the Minnesota State Retirement System (MSRS) presented an overview of the MSRS.

Mary Vanek, Executive Director of the Public Employees Retirement Association (PERA) presented an introduction to PERA pensions. Because Ms. Vanek did not have enough time to finish her presentation, she will be asked to return to present to a future meeting of the Committee.

Laurie Hacking, Executive Director of the Teachers Retirement Association (TRA) presented an introduction to TRA pensions. Because Ms. Hacking did not have enough time to finish her presentation, she will be asked to return to present to a future meeting of the Committee.

The meeting was adjourned at 10:05 a.m.
____________________________________
REP. MORRIE LANNING, CHAIR

____________________________________
Johnna O'Neill
Committee Legislative Assistant
More Info On This Meeting..
Bills Added:
  • HF79 (Davids) - Internal Revenue Code changes conformed, and corporate refund delay requirement repealed.

HF XXXX (Mahoney) Establishing a Minnesota science and technology program